Rem Offshore ASA is evaluating strategic alternatives
July 18 2016 - 9:31AM
Reference is made to the stock
exchange announcement made on 27 June 2016 by Rem Offshore ASA (the
"Company"). The Company is facing a
continuously challenging market and have as announced entered into
discussions with its creditors regarding a refinancing.
In a bondholder meeting on 18 July
2016, Bondholders controlling more than 1/3 of the Bonds in the
Company's REM04PRO Bond Issue have rejected the terms of the
proposed refinancing.
In order to protect the interests
of all stakeholders, including the interests of the Company's
creditors and shareholders, the Board of Directors of the Company
will initiate discussions with the various stakeholders of the
Company, including its creditors. The outcome of such discussions
is uncertain and the Company will provide further updates in due
course.
The extraordinary general meeting,
scheduled to be held on 21 July 2016, will be postponed. The
Company will revert with detailed information as soon as
possible.
*****
For more information, please
contact:
Åge Remøy (Styrets leder), +47
70081164 / +47 90591292
Arild Myrvoll (CEO), +47 70080894
/ +47 90014188
This
information is subject of the disclosure requirements acc. to §5-12
vphl (Norwegian Securities Trading Act)
Bondmeeting
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: REM Offshore ASA via Globenewswire
HUG#2029157
iShares Mortgage Real Es... (AMEX:REM)
Historical Stock Chart
From Jun 2024 to Jul 2024
iShares Mortgage Real Es... (AMEX:REM)
Historical Stock Chart
From Jul 2023 to Jul 2024